Market Updates
India Movers: Cipla, Hero Motocorp, ICRA, NMDC, RIL, Shasun Prama
Mukesh Buch
08 Jul, 2014
New York City
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Cipla plans to invest up to
[R]6:00 PM Mumbai – Cipla plans to invest up to £100 million in U.K. Hero Motocorp plans to set up a manufacturing facility in Colombia and invest $70 million. ICRA net surged 32%. RIL acquired Network 18 Media and TV18.[/R]
The Sensex Index declined 517.97 or 2% to close at 25,582.11 The CNX Nifty slumped 163.95 or 2.1% to 7,623.20.
Gainers & Losers
Cipla Ltd slipped 1.6% to Rs 442.20 after the company plans to invest up to £100 million or about Rs 1,030 crore in the UK in next few years and launch new drugs.
Hero Motocorp Ltd fell 1.5% to Rs 2,574.40 and the company set up its manufacturing facility in Colombia worth $70 million or about Rs 420 crore.
ICRA Limited dropped 3.7% to Rs 2,955.30 after net profit in the first-quarter surged 32% to Rs 21.80 crore and total revenue climbed 17% to Rs 80.97 crore.
NMDC Limited plummeted 4.6% to Rs 174.10 after the company plans to invest about $10 million to subscribe a rights issue planned by its Australian subsidiary Legacy Iron Ore Limited.
Reliance Industries Limited declined 3% to Rs 995.15 after the company completed the acquisition of Network 18 Media & Investments Ltd and its subsidiary TV18 Broadcast.
Shasun Chemicals & Drugs Limited jumped 2.1% to Rs 172.65 after the company successfully completed both the US FDA, Mexican COFEPRIS and Mexican Regulatory Authority inspections.
Annual Returns
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Earnings
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